With the US economy hanging in the balance, President Biden departs this week for a week-long visit to Asia. He’s acknowledged the trip may be scrapped, but privately has told his team skipping the Group of 7 summit should be a last-resort option only.
With the US economy hanging in the balance, President Joe Biden departs this week for a week-long visit to Asia. He’s acknowledged the trip may be scrapped as negotiations on raising the nation’s borrowing limit in order to avert a historic default slog forward with congressional Republicans, an effort he called the “single most important thing” on his agenda.
“That would certainly, from a national security perspective, have a detrimental effect,” said Kirby of a potential US default. “Certainly in terms of our reputation and standing around the world, it sends a horrible message to nations like Russia and China who would love nothing more than to be able to point at this and say: ‘See? The United States is not a reliable partner, the United States is not a stable leader of peace and security around the world.
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